Bitcoin Price Crash to $60,000? Here's What the Charts Say Now
Bitcoin (BTC) is currently dancing on a razor’s edge near $82,500, and traders are watching nervously. After a period of sideways consolidation, the crypto giant is showing early signs of weakness—raising the question: Is Bitcoin price preparing for a deep drop to $60,000 , or is this a bear trap before the next rally? Let’s dive into the daily and hourly charts to decode the truth behind BTC’s next major move.
On the daily chart, Bitcoin continues to struggle below major resistance levels. The Heikin Ashi candles are small-bodied and red, signaling a lack of momentum and indecision in the market. Price action is firmly below all major moving averages—with the 20 SMA at $84,477, 50 SMA at $86,921, and 100 SMA at $92,808. This alignment indicates a clear bearish structure where each rally is being sold into.
What’s more concerning is that Bitcoin has failed multiple times to reclaim the 100-day SMA, indicating sustained selling pressure from institutions and swing traders. The presence of the 200 SMA below current price around $86,675 had acted as a temporary support in March, but it has now turned neutral as price hovers well below it.
The ADL (Accumulation/Distribution Line) has sharply dropped, confirming distribution over accumulation. This means that even during slight upward moves, smart money has been offloading, not adding to positions. Without a turn in the ADL, any bounce is suspect.
Zooming into the 1-hour chart, the picture becomes even more clear: Bitcoin is grinding downward in a slow, controlled bleed. After peaking briefly around $87K on April 2nd, BTC experienced sharp rejection and has since been forming lower highs. The recent attempt to climb was stopped cleanly at the 200 SMA near $83,300, confirming it as short-term resistance.
The moving averages on the hourly (20, 50, and 100 SMA) are compressing and curving downward, which typically leads to momentum breakdowns, especially when paired with flat volume and fading bullish candles. The most recent Heikin Ashi candles are small-bodied and leaning bearish, showing that the bulls are losing steam and failing to defend even intraday bounces.
The hourly ADL is declining, further confirming the lack of demand at current price levels. Retail interest appears low, and there’s no sign of whale-driven accumulation on this timeframe either.
Immediate support lies at $82,000, which has been tested several times over the past few sessions. A decisive break below this level could trigger a sharp selloff down to $78,500, with a psychological and structural support zone around $75,000. If that fails, then the long-feared move toward $69,000–$60,000 could come into play quickly.
On the upside, resistance sits heavy around $84,500, followed by $86,900, both marked by the daily 20 and 50 SMA zones. Only a break above $87,500–$88,000, backed by volume, would confirm a bullish reversal and negate the current bearish setup.
Short-Term Outlook (Next 48–72 hours): If $82,000 fails, expect a fast drop to $78,000 or lower. If bulls hold the line and reclaim $84,500 with volume, we might see a short-term bounce to $87K.
Mid-Term Outlook (Next 1–2 weeks): Without a break above the 100-day SMA, Bitcoin price is at risk of cascading down to $75,000. Market sentiment is fragile, and macroeconomic news or ETF flows could tip the balance.
Long-Term Outlook (Rest of April 2025): If $75,000 breaks in April, then a full correction down to $60,000 is on the table. However, if bulls manage to regain $90K territory, it could open the door back to $100K.
The charts are clear—Bitcoin price is at a critical level. The current structure favors bears, with no strong signs of reversal just yet. Accumulation is weak, momentum is fading, and major resistances are pushing BTC price lower. Unless bulls step in with force soon, a deep correction could be just around the corner.
So, is Bitcoin price heading for $60,000 or ready to bounce? For now, the trend says: Proceed with caution.
Bitcoin (BTC) is currently dancing on a razor’s edge near $82,500, and traders are watching nervously. After a period of sideways consolidation, the crypto giant is showing early signs of weakness—raising the question: Is Bitcoin price preparing for a deep drop to $60,000 , or is this a bear trap before the next rally? Let’s dive into the daily and hourly charts to decode the truth behind BTC’s next major move.
On the daily chart, Bitcoin continues to struggle below major resistance levels. The Heikin Ashi candles are small-bodied and red, signaling a lack of momentum and indecision in the market. Price action is firmly below all major moving averages—with the 20 SMA at $84,477, 50 SMA at $86,921, and 100 SMA at $92,808. This alignment indicates a clear bearish structure where each rally is being sold into.
What’s more concerning is that Bitcoin has failed multiple times to reclaim the 100-day SMA, indicating sustained selling pressure from institutions and swing traders. The presence of the 200 SMA below current price around $86,675 had acted as a temporary support in March, but it has now turned neutral as price hovers well below it.
The ADL (Accumulation/Distribution Line) has sharply dropped, confirming distribution over accumulation. This means that even during slight upward moves, smart money has been offloading, not adding to positions. Without a turn in the ADL, any bounce is suspect.
Zooming into the 1-hour chart, the picture becomes even more clear: Bitcoin is grinding downward in a slow, controlled bleed. After peaking briefly around $87K on April 2nd, BTC experienced sharp rejection and has since been forming lower highs. The recent attempt to climb was stopped cleanly at the 200 SMA near $83,300, confirming it as short-term resistance.
The moving averages on the hourly (20, 50, and 100 SMA) are compressing and curving downward, which typically leads to momentum breakdowns, especially when paired with flat volume and fading bullish candles. The most recent Heikin Ashi candles are small-bodied and leaning bearish, showing that the bulls are losing steam and failing to defend even intraday bounces.
The hourly ADL is declining, further confirming the lack of demand at current price levels. Retail interest appears low, and there’s no sign of whale-driven accumulation on this timeframe either.
Immediate support lies at $82,000, which has been tested several times over the past few sessions. A decisive break below this level could trigger a sharp selloff down to $78,500, with a psychological and structural support zone around $75,000. If that fails, then the long-feared move toward $69,000–$60,000 could come into play quickly.
On the upside, resistance sits heavy around $84,500, followed by $86,900, both marked by the daily 20 and 50 SMA zones. Only a break above $87,500–$88,000, backed by volume, would confirm a bullish reversal and negate the current bearish setup.
Short-Term Outlook (Next 48–72 hours): If $82,000 fails, expect a fast drop to $78,000 or lower. If bulls hold the line and reclaim $84,500 with volume, we might see a short-term bounce to $87K.
Mid-Term Outlook (Next 1–2 weeks): Without a break above the 100-day SMA, Bitcoin price is at risk of cascading down to $75,000. Market sentiment is fragile, and macroeconomic news or ETF flows could tip the balance.
Long-Term Outlook (Rest of April 2025): If $75,000 breaks in April, then a full correction down to $60,000 is on the table. However, if bulls manage to regain $90K territory, it could open the door back to $100K.
The charts are clear—Bitcoin price is at a critical level. The current structure favors bears, with no strong signs of reversal just yet. Accumulation is weak, momentum is fading, and major resistances are pushing BTC price lower. Unless bulls step in with force soon, a deep correction could be just around the corner.
So, is Bitcoin price heading for $60,000 or ready to bounce? For now, the trend says: Proceed with caution.
Cardano Price Prediction 2025: Will BTC Integration Push ADA Price to $3 or $5?
Charles Hoskinson ’s announcement that Bitcoin will be integrated into Cardano’s DeFi ecosystem adds even more bullish momentum to the ADA forecast . The news broke ahead of the Bitcoin 2025 Conference in Las Vegas, where a live demo of this integration is set to be showcased.
The integration aims to connect Cardano’s Hydra Layer 2 scaling solution with Bitcoin’s Lightning Network, enabling a trustless and recursive bridge between the two networks. This would allow Bitcoin holders to access DeFi tools directly on Cardano price , without needing to convert their BTC into another token.
Additionally, the Aiken programming language will allow developers to create smart contracts compatible with both chains, simplifying the process of building cross-chain dApps and attracting developers from both ecosystems.
This push to onboard Bitcoin into Cardano’s DeFi is not just a technical upgrade—it’s a strategic move that could trigger major liquidity flow into the Cardano ecosystem. Hoskinson stated that the integration has the potential to position Cardano as a DeFi leader , possibly surpassing Ethereum and Solana in terms of total ecosystem value if successful.
Moreover, if institutional Bitcoin holders begin seeking DeFi yields through Cardano-based products , ADA’s price could see exponential demand growth. While there’s no fixed date for full implementation, the 2025 target demo builds a solid narrative for ADA’s long-term upside.
Cardano is once again under the spotlight, as several market analysts have forecasted a significant price surge by 2025. With ADA currently trading around $0.65, bullish projections suggest the token could rally to $3 or even $5, fueled by growing network developments and a major interoperability update on the horizon.
Crypto influencer Alex Becker recently shared his enthusiasm for Cardano, stating it's "fast as hell" and "the most decentralized, reasonable blockchain next to Ethereum." He emphasized that at its current price, ADA is still an easy entry for investors anticipating a breakout. Other analysts echo this sentiment, noting that a price above $3 is “long overdue", considering Cardano’s current undervaluation and upcoming roadmap milestones.
With ADA’s bullish price predictions ranging between $3 and $5, and the integration of Bitcoin into its DeFi architecture, Cardano is making bold moves that could reshape its standing in the crypto space. As we approach the 2025 Bitcoin Conference , all eyes will be on whether Cardano can deliver on its promise and usher in a new era of BTC-powered DeFi.
Charles Hoskinson ’s announcement that Bitcoin will be integrated into Cardano’s DeFi ecosystem adds even more bullish momentum to the ADA forecast . The news broke ahead of the Bitcoin 2025 Conference in Las Vegas, where a live demo of this integration is set to be showcased.
The integration aims to connect Cardano’s Hydra Layer 2 scaling solution with Bitcoin’s Lightning Network, enabling a trustless and recursive bridge between the two networks. This would allow Bitcoin holders to access DeFi tools directly on Cardano price , without needing to convert their BTC into another token.
Additionally, the Aiken programming language will allow developers to create smart contracts compatible with both chains, simplifying the process of building cross-chain dApps and attracting developers from both ecosystems.
This push to onboard Bitcoin into Cardano’s DeFi is not just a technical upgrade—it’s a strategic move that could trigger major liquidity flow into the Cardano ecosystem. Hoskinson stated that the integration has the potential to position Cardano as a DeFi leader , possibly surpassing Ethereum and Solana in terms of total ecosystem value if successful.
Moreover, if institutional Bitcoin holders begin seeking DeFi yields through Cardano-based products , ADA’s price could see exponential demand growth. While there’s no fixed date for full implementation, the 2025 target demo builds a solid narrative for ADA’s long-term upside.
Cardano is once again under the spotlight, as several market analysts have forecasted a significant price surge by 2025. With ADA currently trading around $0.65, bullish projections suggest the token could rally to $3 or even $5, fueled by growing network developments and a major interoperability update on the horizon.
Crypto influencer Alex Becker recently shared his enthusiasm for Cardano, stating it's "fast as hell" and "the most decentralized, reasonable blockchain next to Ethereum." He emphasized that at its current price, ADA is still an easy entry for investors anticipating a breakout. Other analysts echo this sentiment, noting that a price above $3 is “long overdue", considering Cardano’s current undervaluation and upcoming roadmap milestones.
With ADA’s bullish price predictions ranging between $3 and $5, and the integration of Bitcoin into its DeFi architecture, Cardano is making bold moves that could reshape its standing in the crypto space. As we approach the 2025 Bitcoin Conference , all eyes will be on whether Cardano can deliver on its promise and usher in a new era of BTC-powered DeFi.
The Scott Lewis Story: Calm Visionary Behind DeFi Pulse
Who would have thought that behind his simple appearance and calm speaking style, Scott Lewis would actually be one of the figures who changed the way people view decentralized finance . Not through sensation or bombastic maneuvers, but through consistency and the ability to read the direction of the crypto industry, which continues to move quickly.
His story was not built overnight, but developed through various projects that did not just exist but formed the foundation that is now widely relied on.
Scott Lewis’ journey in the crypto world began with a project that is now widely known: DeFi Pulse. This platform does more than just record data—it introduced terms and metrics such as Total Value Locked (TVL), which is now a common reference in assessing the strength and reputation of DeFi projects.
However, for Scott , DeFi Pulse is not just a tracking tool. He sees it as a door to making open finance more understandable. In fact, you could say he helped make DeFi no longer feel confusing for new users.
On the other hand, Scott did not stop at one achievement. He continued his steps by founding Slingshot Finance, a DEX aggregator that allows users to find the best prices when trading tokens.
Slingshot has successfully raised funding of up to $15 million. This is not a small number, especially for a project that still relies on a long-term vision of efficiency and transparency in crypto asset trading.
Previously known for data and aggregation, Scott has also expanded his role to the world of NFT and smart contract security. He co-founded Hyype, a kind of social network designed specifically for NFT collectors. It’s not just about showing off digital assets, but creating a space for collectors to tell stories and build their digital identities.
Furthermore, through the Code4rena project, Scott presents a unique approach to maintaining the security of crypto protocols. He designed a competitive audit system in which ethical hackers and developers compete for incentives to uncover weaknesses in smart contracts.
This technique has been fruitful, resulting in $6 million in investment from well-known investors. His idea is comparable to building a more systematic and coordinated “bug bounty competition.”
Although widely praised, Scott Lewis’ journey has not been without friction. In 2021, he made a controversial decision: he blocked the founder of 1inch Exchange from all DeFi Pulse discussion boards. The reason? Alleged threats and intimidation.
The decision drew backlash, but it also showed one thing—Scott doesn’t just talk about transparency and digital ethics. He implements them, even when the situation doesn’t allow it.
But it’s at points like this that his character shines through. He’s not someone who likes to appear as a crypto celebrity. His communication style on social media, especially Twitter, tends to be calm, even a “calming” factor in the often heated crypto debate. He prefers to share a calmer perspective, and that’s where many see his integrity.
Scott Lewis is also noted for being involved in the Atrium project—a platform that received seed funding from top investors. He seems to always be one step ahead, but he never abandons his basic principle: building something that people can actually use. He was also CEO of Zoo Trading and has experience at major financial firms like Integral Derivatives and Susquehanna International Group.
Scott’s path has not always been clear, but that’s where his strength lies. He’s not a stage man, but rather an architect who knows how to build a durable framework. Will he continue to be behind the scenes? Maybe. But given his track record so far, we can expect his next move to be impactful—even if it’s not always on the front lines.